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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO CommodityRealReturn Strategy Fund

PCRRX | Fund

$12.53

$3.56 B

3.52%

$0.44

1.32%

Vitals

YTD Return

3.8%

1 yr return

0.9%

3 Yr Avg Return

0.4%

5 Yr Avg Return

7.7%

Net Assets

$3.56 B

Holdings in Top 10

62.9%

52 WEEK LOW AND HIGH

$12.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.32%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 120.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PIMCO CommodityRealReturn Strategy Fund

PCRRX | Fund

$12.53

$3.56 B

3.52%

$0.44

1.32%

PCRRX - Profile

Distributions

  • YTD Total Return 3.8%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 7.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.67%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PIMCO CommodityRealReturn Strategy Fund
  • Fund Family Name
    PIMCOFUNDS
  • Inception Date
    May 10, 2004
  • Shares Outstanding
    N/A
  • Share Class
    Admin
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Greg Sharenow

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances in commodity-linked derivative instruments backed by a portfolio of inflation-indexed securities and other Fixed Income Instruments. “Fixed Income Instruments” include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. “Real Return” equals total return less the estimated cost of inflation, which is typically measured by the change in an official inflation measure. The Fund invests in commodity-linked derivative instruments, including swap agreements, futures, options on futures, commodity index-linked notes and commodity options that provide exposure to the investment returns of the commodities markets, without investing directly in physical commodities. Commodities are assets that have tangible properties, such as oil, metals, and agricultural products. The value of commodity-linked derivative instruments may be affected by overall market movements and other factors affecting the value of a particular industry or commodity, such as weather, disease, embargoes, or political and regulatory developments. The Fund may also invest in common and preferred securities as well as convertible securities of issuers in commodity-related industries. When determining the target allocation for the strategy, PIMCO may use proprietary quantitative models. The target allocations may include long, short, or no positions in the underlying financial markets and commodities specified in the models. The quantitative models are developed and maintained by PIMCO, and are subject to change over time without notice in PIMCO’s discretion. PIMCO also retains discretion over the final target asset allocation and the implementation of the target asset allocation, which may include positions that are different from target allocations determined by quantitative models.The Fund will generally seek to gain exposure to the commodity markets primarily through investments in swap agreements, futures, and options on futures and through investments in the PIMCO Cayman Commodity Fund I Ltd., a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). In order to comply with certain issuer diversification limits imposed by the Internal Revenue Code, the Fund may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is advised by PIMCO, and has the same investment objective as the Fund. As discussed in greater detail elsewhere in this prospectus, the Subsidiary (unlike the Fund) may invest without limitation in commodity-linked swap agreements and other commodity-linked derivative instruments.The derivative instruments in which the Fund and the Subsidiary primarily intend to invest are instruments linked to certain commodity indices and instruments linked to the value of a particular commodity or commodity futures contract, or a subset of commodities or commodity futures contracts. These instruments may specify exposure to commodity futures with different roll dates, reset dates or contract months than those specified by a particular commodity index. As a result, the commodity-linked derivatives component of the Fund’s portfolio may deviate from the returns of any particular commodity index. The Fund or the Subsidiary may over-weight or under-weight its exposure to a particular commodity index, or a subset of commodities, such that the Fund has greater or lesser exposure to that index than the value of the Fund’s net assets, or greater or lesser exposure to a subset of commodities than is represented by a particular commodity index. Such deviations will frequently be the result of temporary market fluctuations, and under normal circumstances the Fund will seek to maintain notional exposure to one or more commodity indices within 5% (plus or minus) of the value of the Fund’s net assets.The Fund may also invest in leveraged or unleveraged commodity index- linked notes, which are derivative debt instruments with principal and/or coupon payments linked to the performance of commodity indices. These commodity index-linked notes are sometimes referred to as “structured notes” because the terms of these notes may be structured by the issuer and the purchaser of the note. The value of these notes will rise or fall in response to changes in the underlying commodity or related index of investment.Assets not invested in commodity-linked derivative instruments or the Subsidiary may be invested in inflation-indexed securities and other Fixed Income Instruments, including derivative Fixed Income Instruments. In addition, the Fund may invest its assets in particular sectors of the commodities market.The average portfolio duration of the fixed income portion of this Fund will vary based on PIMCO’s market forecasts and under normal market conditions is not expected to exceed ten years. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. The Fund may invest up to 10% of its total assets in high yield securities (“junk bonds”), as rated by Moody’s Investors Service, Inc. (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”) or Fitch Ratings, Inc. (“Fitch”), or, if unrated, as determined by PIMCO. In the event that ratings services assign different ratings to the same security, PIMCO will use the highest rating as the credit rating for that security. The Fund may invest up to 30% of its total assets in securities denominated in foreign currencies and may invest beyond this limit in U.S. dollar-denominated securities of foreign issuers. The Fund may invest up to 10% of its total assets in securities and instruments that are economically tied to emerging market countries (this limitation does not apply to investment grade sovereign debt denominated in the local currency with less than 1 year remaining to maturity, which means the Fund may invest, together with any other investments denominated in foreign currencies, up to 30% of its total assets in such instruments). The Fund will normally limit its foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) to 20% of its total assets. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy backs or dollar rolls). The Fund may also invest up to 10% of its total assets in preferred securities. The Fund may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales.
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PCRRX - Performance

Return Ranking - Trailing

Period PCRRX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -31.6% 31.1% 68.75%
1 Yr 0.9% -42.1% 33.0% 58.59%
3 Yr 0.4%* -40.8% 276.4% 85.71%
5 Yr 7.7%* -29.6% 133.8% 56.91%
10 Yr 0.0%* -28.1% 47.2% 70.79%

* Annualized

Return Ranking - Calendar

Period PCRRX Return Category Return Low Category Return High Rank in Category (%)
2023 -12.1% -64.0% 30.1% 78.13%
2022 -23.9% -40.8% 2475.6% 88.98%
2021 6.6% -23.3% 106.7% 50.79%
2020 -1.0% -71.9% 295.5% 48.78%
2019 7.7% -31.8% 53.9% 40.16%

Total Return Ranking - Trailing

Period PCRRX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -31.6% 31.1% 68.75%
1 Yr 0.9% -42.1% 33.0% 58.59%
3 Yr 0.4%* -40.8% 276.4% 85.71%
5 Yr 7.7%* -29.6% 133.8% 56.91%
10 Yr 0.0%* -28.1% 47.2% 70.79%

* Annualized

Total Return Ranking - Calendar

Period PCRRX Return Category Return Low Category Return High Rank in Category (%)
2023 -7.7% -64.0% 41.1% 74.22%
2022 8.7% -15.1% 5648.8% 76.38%
2021 32.9% -23.3% 188.1% 34.92%
2020 0.7% -67.8% 296.1% 49.59%
2019 12.1% -31.8% 53.9% 36.89%

NAV & Total Return History

PCRRX - Holdings

Concentration Analysis

PCRRX Category Low Category High PCRRX % Rank
Net Assets 3.56 B 2.34 M 27.6 B 8.92%
Number of Holdings 1009 1 1009 3.91%
Net Assets in Top 10 3.05 B 2.66 M 30.7 B 10.16%
Weighting of Top 10 62.91% 17.2% 169.5% 64.52%

Top 10 Holdings

  1. TSY INFL IX N/B 10/26 0.125 16.28%
  2. TSY INFL IX N/B 10/25 0.125 10.42%
  3. TSY INFL IX N/B 01/28 0.5 8.50%
  4. TSY INFL IX N/B 10/27 1.625 6.18%
  5. TSY INFL IX N/B 04/26 0.125 3.82%
  6. FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE 3.79%
  7. TSY INFL IX N/B 04/25 0.125 3.65%
  8. TSY INFL IX N/B 10/28 2.375 3.64%
  9. TSY INFL IX N/B 07/25 0.375 3.37%
  10. TSY INFL IX N/B 07/28 0.75 3.27%

Asset Allocation

Weighting Return Low Return High PCRRX % Rank
Bonds 		127.91% 0.00% 127.91% 3.91%
Other 		2.45% -7.17% 100.19% 45.24%
Cash 		0.18% 0.00% 101.92% 88.10%
Convertible Bonds 		0.12% 0.00% 3.89% 27.20%
Preferred Stocks 		0.08% 0.00% 0.08% 3.97%
Stocks 		0.00% 0.00% 49.72% 81.25%

Bond Sector Breakdown

Weighting Return Low Return High PCRRX % Rank
Government 		64.89% 0.00% 100.00% 15.04%
Securitized 		8.01% 0.00% 19.62% 21.24%
Corporate 		0.25% 0.00% 42.72% 42.48%
Cash & Equivalents 		0.18% 0.00% 100.00% 92.11%
Municipal 		0.00% 0.00% 1.45% 77.88%
Derivative 		-0.79% -7.17% 100.19% 53.51%

Bond Geographic Breakdown

Weighting Return Low Return High PCRRX % Rank
US 		116.12% 0.00% 116.12% 3.97%
Non US 		11.79% 0.00% 12.98% 7.94%

PCRRX - Expenses

Operational Fees

PCRRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.32% 0.21% 5.23% 35.00%
Management Fee 0.74% 0.00% 1.75% 54.78%
12b-1 Fee 0.25% 0.00% 1.00% 61.40%
Administrative Fee 0.25% 0.05% 0.45% 60.71%

Sales Fees

PCRRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

PCRRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PCRRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 120.00% 0.00% 162.00% 92.05%

PCRRX - Distributions

Dividend Yield Analysis

PCRRX Category Low Category High PCRRX % Rank
Dividend Yield 3.52% 0.00% 19.94% 58.60%

Dividend Distribution Analysis

PCRRX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Annually Annually

Net Income Ratio Analysis

PCRRX Category Low Category High PCRRX % Rank
Net Income Ratio 4.67% -55.71% 52.26% 7.20%

Capital Gain Distribution Analysis

PCRRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually

Distributions History

View More +

PCRRX - Fund Manager Analysis

Managers

Greg Sharenow

Start Date

Tenure

Tenure Rank

Nov 01, 2018

3.58

3.6%

Mr. Sharenow is an executive vice president in the Newport Beach office and a portfolio manager focusing on real assets. Prior to joining PIMCO in 2011, he was an energy trader at Hess Energy Trading, Goldman Sachs, and DE Shaw. Mr. Sharenow was previously senior energy economist at Goldman Sachs. He holds bachelor's degrees in mathematical methods in the social sciences and in economics from Northwestern University.

Stephen Rodosky

Start Date

Tenure

Tenure Rank

Jan 09, 2019

3.39

3.4%

Mr. Rodosky is a managing director in the Newport Beach office and a portfolio manager for real return and U.S. long duration strategies. He leads the rates liquid products team and also serves as head of talent management for portfolio management in the U.S. Prior to joining PIMCO in 2001, Mr. Rodosky was vice president of institutional sales with Merrill Lynch. He has 25 years of investment experience and holds a master's degree in financial markets from Illinois Institute of Technology. He received an undergraduate degree from Villanova University.

Andrew Dewitt

Start Date

Tenure

Tenure Rank

Feb 01, 2022

0.33

0.3%

Senior Vice President, PIMCO. Mr. DeWitt is a portfolio manager in the Newport Beach office, focusing on commodity and multi-real asset strategies. Previously, he managed PIMCO’s portfolio associate group and focused on portfolio optimization and other technology initiatives. He has investment experience since 2006 and holds undergraduate degrees in economics and sociology from Brown University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 17.03 6.11 11.51

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